Bernard O’Kelly, a director of Douglas-based tax consultancy Fios is the lucky winner of £250 in Amazon vouchers in our 2014 Budget Sweepstake.
With thanks to our Budget sponsor, the prize is already winging it to Bernard, who correctly predicted the Chancellor would say the word “tax” 61 times in his Budget speech.
Alex John, product manager at TaxCalc, commented that the company likes to be involved with the AccountingWEB community as we chew over the annual Budget speech.
Frankly, keeping track of the mentions of “tax” is a good way to add a bit of spice to a process that can seem like a hollow ritual at times. However, we now think we have turned it into an unofficial index of the significance of the Budget for the accountancy profession. This year’s 61 mentions were up from 54 times last year, but down from 97 in 2012.
“As predicted the Budget speech was just under an hour long, and similar to Budgets of recent years. Does that make it predictable and boring?” said Alex Johns.
“As someone fairly new to watching Budgets as they happen, I still prefer to read the detail in the documents that are published shortly after, as this is where we can establish the scale of each change. This year’s Budget sees lots of small changes so it will have an impact on most people in the UK in some form or other.”
So congratulations to Bernard, and thanks once again to TaxCalc for their largesse. To get a quick overview of all the key Budget measures, have a look at our at-a-glance guide, and register to get Rebecca Benneyworth’s detailed Budget report early next week.